BofA’s Tom Montag Must Be Made of Kryptonite

It seems nothing can halt Tom Montag’s rapid ascension through the financial world. Now, the man who has caused a Congressional kerfuffle for his candid emails, is one of the surviving executives in a big shakeup at Bank of America’s executive ranks.

Deal Journal readers will best remember Montag as the salty poster child of the financial crisis. In 2007, as Montag was helping to run Goldman’s securities business, he sent a candid email about a CDO transaction his company sold to investors.

“[B]oy, that timberwo[l]f was one s— deal,” Montag wrote. Indeed, it was. The $1 billion Timberwolf collapsed into a dung-ish heap. Montag’s career has not.